-The New Indian Express There were also reports that the auto sector has seen 3 lakh crore jobs being lost. NEW DELHI: TAKING notice of daily reports on job losses, the Union Finance Ministry has asked business chambers and industries to produce the exact number of job cuts to derive the correct picture of the economy. It has asked the industries to abstain from causing panic. “There are a number of reports that...
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auto sector slowdown hits scrap dealers, micro units in Coimbatore -M Soundariya Preetha
-The Hindu Production in foundries supplying castings to the automobile industry has dropped considerably In Coimbatore, where a large number of industrial units and foundries are working in the automobile sector, the slump in vehicle demand is impacting several businesses indirectly. A micro industry with just two CNC machines, doing job work, used to earn nearly ?10,000 a week from selling scrap. This income has reduced steeply in the last couple of months...
More »SBI aims to eliminate debit cards to boost digital payment solutions
-PTI SBI Chairman said there are around 90 crore debit cards in the country as against 3 crore credit cards, and pointed out to digital solutions like its own 'Yono' platform as the key for achieving a debit card-less country. Mumbai: If the largest lender SBI has its way, it may herald the beginning of the end of the ubiquitous debt cards from the banking system as the bank plans to promote...
More »Lancet does what Indian media won't -GS Mudur
-The Telegraph 'The people of Kashmir need healing from the deep wounds of this conflict, not subjugation to further violence and alienation' If nature abhors a vacuum, so does journalism. The Lancet, an international medical journal, has referred to Prime Minister Narendra Modi’s “prosperity” justification for the changes in Jammu and Kashmir and said the people there first need healing, not subjugation and alienation. The journal has also raised concerns about the mental...
More »'The Idea of India' is failing -C Rammanohar Reddy
-The Times of India The middle class that led India’s nation-building project has now embraced a nationalism that has no place for diversity The “Idea of India” has always been grander in promise than in fulfilment. At Independence, the dream was that the people of a country of so much diversity — in language, religion, and tradition — would enjoy constitutionally guaranteed rights and through democratic means, build a just society. A...
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